view / download the documents. - til india

More documents

Recommendations

Info

50Ten Years Financial Highlights(` in ‘000)2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-011 Share Capital 100,303 100,303 100,303 100,303 97,301 122,211 137,306 137,306 97,301 97,236 97,2362 Share Warrant - - 87,815 87,815 - - - - - - -3 Reserves & Surplus 2,123,137 1,882,668 1,397,943 1,123,720 754,929 629,501 547,768 500,270 518,876 517,350 514,4934 Net Worth 2,223,440 * 1,982,971 * 1,586,061 * 1,311,838 * 852,230 * 751,712 * 685,074 * 637,576 * 616,177 * 614,586 * 611,7295 Borrowings 440,925 1,093,818 1,134,290 787,561 846,020 1,241,288 1,165,053 1,038,908 1,044,076 1,093,858 959,2026 Funds Employed 2,664,365 3,076,789 2,720,351 2,099,399 1,698,250 1,993,000 1,850,127 1,676,484 1,660,253 1,708,444 1,570,9317 Gross Block 1,438,828 1,912,860 1,609,642 1,411,669 1,233,473 1,244,038 1,150,192 818,842 799,248 691,938 657,2608 Depreciation 519,342 822,817 688,940 578,655 502,996 459,573 383,040 303,200 299,582 234,771 205,3659 Net Block 919,486 1,090,043 920,702 833,014 730,477 784,465 767,152 515,642 499,666 457,167 451,89510 Investments 1,038,567 74,972 74,866 74,866 74,866 44,906 54,042 54,042 54,042 54,042 51,48111 Sales 2,161,442 8,245,861 8,327,483 7,175,289 5,686,866 4,544,037 3,214,343 2,739,745 2,682,644 2,473,134 2,324,78312 Other Income 211,895 633,481 430,433 379,595 283,862 270,569 291,298 248,268 106,630 79,883 76,47713 Expenses 558,193 1,523,996 1,513,501 1,083,886 919,126 798,157 757,221 733,812 695,686 554,153 549,37214 Depreciation 41,608 168,928 143,203 114,045 112,181 119,626 81,237 49,773 23,702 21,461 18,22015 Profit Before Tax 420,078 754,860 505,704 502,533 286,313 188,480 100,372 83,872 20,349 40,384 22,05616 Taxation- Current Tax 142,009 257,500 176,500 155,850 104,000 67,500 29,500 15,780 1,384 5,000 1,803- Deferred Tax (33,890) 28,728 (2,504) 16,950 (7,383) (7,183) 3,100 12,320 3,411 10,160 -- Fringe Benefit Tax 9,000 7,300 6,000 9,650 - - - - -17 Profit After Tax 311,959 468,632 322,708 322,433 183,696 118,513 67,772 55,772 15,554 25,224 20,25318 Dividend 60,182 60,182 40,121 40,121 29,277 21,909 15,163 8,967 - - 9,724* Including Revaluation Reserve, Intangible Assets but exclulding Deffered Tax credit
Overview Performance Reviews Governance Financials51Annual Report 2010-11Auditors’ Report to the Members of TIL Limited1. We have audited the attached Balance Sheet of TIL Limited (the ‘Company’)as at 31st March, 2011, and the related Profit and Loss Account and the CashFlow Statement for the year ended on that date annexed thereto, which we have signed under reference to this report. These financial statements are theresponsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a testbasis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles usedand significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit providesreasonable basis for our opinion.3. As required by the Companies (Auditor’s Report) Order, 2003, as amended by the Companies (Auditor’s Report) (Amendment) Order,2004 (together the‘Order’), issued by the Central Government of India in terms of sub-section (4A) of Section 227 of ‘The Companies Act, 1956’ of India (the ‘Act’) and on thebasis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanations given tous, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.4. Further to our comments in the Annexure referred to in paragraph 3 above, we report that:a) We have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit;b) In our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books;c) The Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by this report are in agreement with the books of account;d) In our opinion, the Balance Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by this report comply with the applicableaccounting standards referred to in sub-section (3C) of Section 211 of the Act;e) On the basis of written representations received from the directors , as on 31st March, 2011, and taken on record by the Board of Directors, none ofthe directors is disqualified as on 31st March, 2011 from being appointed as a director in terms of clause (g) of sub – section (1) of Section 274 ofthe Act;f) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements together with the notesthereon and attached thereto give, in the prescribed manner, the information required by the Act, and give a true and fair view in conformity withthe accounting principles generally accepted in India :i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2011;ii)iii)in the case of the Profit and Loss Account, of the profit for the year ended on that date; andin the case of Cash Flow Statement, of the cash flows for the year ended on that date.For Price WaterhouseFirm Registration Number - 301112EChartered AccountantsP. LawPlace: KolkataPartnerDate: 17th May, 2011 Membership Number – 51790
Page 1 and 2: TIL LimitedAnnual Report 2010 -11
Page 3 and 4: Annual Report 2010-11Corporateinfor
Page 5 and 6: Overview Performance Reviews Govern
Page 51: Overview Performance Reviews Govern
Page 103 and 104:
Overview Performance Reviews Govern
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
“We make our customers more profi
show all

view / download the documents. - til india

Create successful ePaper yourself

Delete template?

Save as template?